PM Asserts No Plan to Increase VAT to 15%
Prime Minister Paetongtarn Shinawatra on Friday asserted that the government has no plan to increase value-added tax (VAT) to 15%.
Prime Minister Paetongtarn Shinawatra on Friday asserted that the government has no plan to increase value-added tax (VAT) to 15%.
Finance Ministry finally decided to suspend indefinitely the plan to tax on share sales in the Stock Exchange of Thailand (SET) after the Federation of Thai Capital Market Organisations (FETCO) recommended the government to review the plan.
The cabinet resolved to delay a third-phase increase in the sugary drink tax for six months to avoid worsening financial burdens on people.
The cabinet approved tax changes to promote electric vehicles and develop the country into a regional production hub of electric cars and motorcycles, according to Finance Minister Arkhom Termpittayapaisith.
The cabinet on Tuesday endorsed an e-service bill that will require foreign-based online platform operators to pay the value-added tax in Thailand.
The Revenue Department plans to impose its e-business tax in fiscal 2021 to tax about 170,000 online vendors.
The Criminal Court fined Philip Morris (Thailand) Limited 1,225 million baht for lowering the prices of its imported cigarettes to dodge duty
BANGKOK, March 13 — Plans by the government to collect land and buildings tax, aimed at narrowing social disparities